Global investment in clean tech and energy transition reached a record $1.8 trillion in 2023 Energize Weekly, February 7, 2024 Global investments in the energy transition from fossil fuels to clean tech climbed 17 percent in 2023 to a record $1.8 trillion, according to a study by the energy research group BloombergNEF. The largest investments…
Record M&A in the fourth quarter of 2023 is driven by ExxonMobil and Chevron deals Energize Weekly, January 31, 2024 Upstream oil and gas mergers and acquisitions hit a record $144 billion in the fourth quarter of 2023 driven by two mega-deals – ExxonMobil’s $65 billion acquisition of Pioneer Natural Resources and Chevron’s $60 billion…
BLM roadmap opens 22 million acres of public lands to utility-scale solar development Energize Weekly, January 24, 2024 A total of 22 million acres of public lands in the West would be open to utility-scale solar development under a plan proposed by the U.S. Bureau of Land Management (BLM) on Jan. 17. At the same…
Solar generation continues expand rapidly on the U.S. grid while coal continues its decline Energize Weekly, January 17, 2024 Solar and coal-fired electricity generation are continuing to head in opposite directions over the next two years with solar being the leading source of new generation and coal activity falling to 1960s levels, according to the…
Coordination of Texas electric and natural gas sectors key in dealing with blackouts Energize Weekly, January 10, 2024 Better coordination between the Texas electric and natural gas industries is key to getting individual generating facilities up and running – a so-called blackstart – after a cold-weather blackout, according to a federal report. The joint study…
FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op Energize Weekly, January 3, 2024 After a four-year battle over how much it will cost the Colorado electric cooperative United Power to leave its wholesale power provider, Tri-State Generation and Transmission Association, federal regulators settled the score. The Federal Energy…
New manufacturing facilities and data centers are driving increased electricity demand Energize Weekly, December 27, 2023 The U.S. electric grid is ill-prepared for a surge in demand coming from new manufacturing, data centers and in future years, electrification of transport and building heating. Meanwhile, the queue of generation projects waiting to get on the grid…
Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts Energize Weekly, December 20, 2023 The world’s five largest oil companies, riding a wave of high energy prices, pulled in $613 billion in cash flow between January 2021 and September 2023, which they used to reduce debt and send to shareholders, according to…
Solar generating capacity to set a record 33 gigawatts of new installations in 2023 Energize Weekly, December 13, 2023 Bolstered by a strong third quarter, a record 33 gigawatts (GW) of solar capacity were installed in 2023, even as the sector faces headwinds in 2024, according to a market report. In the third quarter, 6.5…
IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane Energize Weekly, December 6, 2023 As the climate conference – COP28 – opened in Dubai, the International Energy Agency (IEA) fired a shot across the bow of the oil industry with an analysis showing the sector needs to…
Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline Energize Weekly, November 29, 2023 Clean energy employment is growing more rapidly than fossil-fuel jobs across the globe and accounted for the majority of the 67 million jobs in the energy sector in 2022, according to an International Energy Agency (IEA) report.…
Global LNG market stable for this winter, but there will be more volatility down the road Energize Weekly, November 22, 2023 Ample gas inventories in the U.S. and Europe and increased liquified natural gas (LNG) export and import capacity will likely meet global needs this winter, but growing demand over the next decade could lead…
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